Sella Cash is getting 6 floors of offices and 90 underground parking areas in the North Ha’arba’ah Tower in Tel Aviv, as well as 80% of a Holon professional heart.


Israeli actual estate financial investment have confidence in (REIT) enterprise Sella Funds (TASE: SLARL) carries on to extend and has bought business office and business space in central Israel for NIS 431 million as well as VAT. A source near to the offer has informed “Globes” that the vendor is Israeli billionaire Yitzchak Mirilashvili, who owns a portfolio of holdings in genuine estate, infrastructures, engineering, communications and media together with Rothshtein Construction and Property (TASE: ROTS) and the Channel 14 commercial Television set station.

Sella Cash, led by CEO Gadi Elikam and chairman Shmuel Slavin has agreed to invest in 6 floors of workplaces and 90 underground parking spaces in the North Ha’arba’ah Tower in Tel Aviv as nicely as 80% of a commercial centre in Holon.

For the office environment space and parking in Tel Aviv, Sella Cash is paying out NIS 295 million and for the commercial middle in Holon NIS 136 million. The 6 flooring in the North Ha’arba’ah Tower at 28 Ha’arba’ah Street are the 30th-35th floors with place of work place covering 6,923 square meters, which are absolutely leased to two tenants – a tech company and funds sector business, which have alternatives to lengthen their leases by 5-10 years for more rent of 3%-10%.

Sella Cash mentioned that the six office floors crank out annual internet working revenue (NOI) of NIs 16.8 million and that the annual returns are 5.7% with about 10% once-a-year returns on cash.

Published by Globes, Israel enterprise news – en.globes.co.il – on July 17 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.



Gadi Elikam Credit: Avishay Finkelstein